Nope, 5 years min before we are above $500
That's what people were saying when Bitcoin was at $100: "five years minimum until we're at $1000" 
Topic: Only 6 million bitcoin be left to mine (Read 2616 times)
As of right now approx every 10 mins a new block is mined and 25 new bitcoins enter the economy. That means at the current price its market cap grows by around $6000 every 10 minutes, $36,000 every hour, $864,000 everyday.
Taking the date Jan 9 2013 as a comparison we had the same rate of growth with a price of $13.77. This meant growth of around $344 every 10 minutes, $2065 every hour, $49,572 every day
Everyone of these that is sold by miners at the current market rate to pay their bills needs a buyer. When there are not enough the price is likely to drop, and when there are large numbers the price is likely to rise. Even half of $864,000 entering the market every single day means allot of additional demand is required to soak up the inflation to maintain the current valuation in fiat.
The behavior of the bitcoin/fiat market is of course anyone's guess but when you look at these numbers it's not hard to see how there is a high possibility for the price to remain in this zone or lower for some years to come, barring some event that encourages a significant upturn in the rate of adoption.
Taking the date Jan 9 2013 as a comparison we had the same rate of growth with a price of $13.77. This meant growth of around $344 every 10 minutes, $2065 every hour, $49,572 every day
Everyone of these that is sold by miners at the current market rate to pay their bills needs a buyer. When there are not enough the price is likely to drop, and when there are large numbers the price is likely to rise. Even half of $864,000 entering the market every single day means allot of additional demand is required to soak up the inflation to maintain the current valuation in fiat.
The behavior of the bitcoin/fiat market is of course anyone's guess but when you look at these numbers it's not hard to see how there is a high possibility for the price to remain in this zone or lower for some years to come, barring some event that encourages a significant upturn in the rate of adoption.
Well as i know people are living more year by year currently there is people with 80 ,90 and 100 years old soo ,on the next years we could be alive with 120 years or even more ,no one can predict how long we will live.The demand and supply will only work with intest and new investors or big investors getting inside ,otherwise the same people holding bitcoin will moove it but slowly.
A lot of the people here will be too old to enjoy their loot.
Most of you guys are 40 - 50+ y/o I think.
I might still just about be alive by then. It might be enough to finance a tin bladder and penis implant. That'll do me.
Hold on to your hats bitcoins success will be sooner than u think
That's mean that we must do more to spread more it (even this amount will need about 110 years to be mined) and that the price will go high (even this amount of bitcoin will be mined in so mush time). See here for more: https://en.bitcoin.it/wiki/Controlled_supply
Hold on to your hats bitcoins success will be sooner than u think
Why dont you start counting to 6 millions and when you finish tell us if 6 millions is a lot or little. Nope, 5 years min before we are above $500
What?Are you serious? I don't believe that.If we can solve the blocksize issue hopefully soon we can continue to grow and progress.In 5 years I expect being in 4 digits at least.
Nope, 5 years min before we are above $500
That's what people were saying when Bitcoin was at $100: "five years minimum until we're at $1000" The prices increase depends on adoption.
It will be interesting to see what happens, will it reach the heights it has previously? Perhaps, it will get harder for people coming into Bitcoin now to make any impact by mining, better buy them up whilst they are relatively cheap.
Now wait for the halvening and see how mining could change forever. If the price keeps declining, I'd expect that big mining would gradually start becoming a thing of the past. Or maybe more efficient asics will be released to the public 
so profitable mining can still be a thing.
so profitable mining can still be a thing. 
Nope, 5 years min before we are above $500
That's what people were saying when Bitcoin was at $100: "five years minimum until we're at $1000" That I am trying to say here is that with volatility of bitcoin there is no way to predict its price. Bitcoin price is capricious and susceptible to bad news.
And that is because currently bitcoin is another tool for speculators to make profit, it's the only reason why Bitcoin is semi-popular today, we need a better ecosystem, something that enables bitcoin to grow as a currency/commodity, how often do we see scam accusation, scandals or schemes? that's because bitcoin as become a very popular way of wiping peoples money.
This current meta of "altcoins" isn't helping either.
I am also curios to know how the halving will affect the Bitcoin price next year. In theory, if all mined coins are sold after they were mined and it continue after the halving, the supply would be 50% less and the demand will be 50% more. So we should see a 100% increase in the price.
That is, if all mined coins are sold or converted to fiat immediately after it was mined and not held. If they hodl these coins, the demand should be higher and the price should reflect that too. In theory.
That is, if all mined coins are sold or converted to fiat immediately after it was mined and not held. If they hodl these coins, the demand should be higher and the price should reflect that too. In theory.
these left bitcoins will be mined only after a few decades so the price might not rise a lot because of slow mining amounts though im not sure about this
By 2032 the block reward will be under 1 coin and inflation under 1%. Those figures are low enough to start deflating but only if there's the demand of course.
A lot of the people here will be too old to enjoy their loot.
Most of you guys are 40 - 50+ y/o I think.
I started poking around bitcoin when I was 17-years old, and I was too stupid to get any back then.. Now I am a little older and smarter and hopefully can reap the benefits that the future of bitcoin has to offer. I am planning on riding bitcoin for as long as the protocol will allow me to. Hopefully this is the rest of my life, but nobody can know what the future will bring. Regardless, Some of us are a little younger than 40
It means already 15 million coins in circulations. It must be better achievement with a sustained prices with large amount of coins in action. A stable price is the symptom of peaking.
We'll see the beginning of the deflationary effect at the halving next year. Should be a nice spike and a hint of things to come. People are pretty predictable. The theoretical reasons for btc's utility are lost on most. It's more when they see the price rise the new money rushes in then a bubble effect happens.
these left bitcoins will be mined only after a few decades so the price might not rise a lot because of slow mining amounts though im not sure about this
By 2032 the block reward will be under 1 coin and inflation under 1%. Those figures are low enough to start deflating but only if there's the demand of course.
A lot of the people here will be too old to enjoy their loot.
Most of you guys are 40 - 50+ y/o I think.
Yes age is not a problem for better life. In fact we need a better life when grow older than before. All the bitcoin holders must deserve a better life just because of their early adopting bitcoin. Many people hold bitcoin for their next generation like Bill gates did for his next 25 generations.
these left bitcoins will be mined only after a few decades so the price might not rise a lot because of slow mining amounts though im not sure about this
By 2032 the block reward will be under 1 coin and inflation under 1%. Those figures are low enough to start deflating but only if there's the demand of course.
A lot of the people here will be too old to enjoy their loot.
Most of you guys are 40 - 50+ y/o I think.
Nope, 5 years min before we are above $500
That's what people were saying when Bitcoin was at $100: "five years minimum until we're at $1000" Yes no one was right in predicting bitcoin price. As bitcoin is the new technology and still in testing phase, it's highly vulnerable to sustain on the event of bad news.
In the first halving bitcoin was around $12. So, in 3.5 years within 2nd halving it raised and sustaining by 20 times. In between peaked to $1200. So, we can expect more than these things before 3rd halving.
Hold on to your hats bitcoins success will be sooner than u think
I personally will be a little bit nostalgic when all the bitcoins have been mined.
It will feel like a new-age for the bitcoin network, and a time for changing our entire mind-set about mining.
after halving only 1800 btc per day will be mined,cost of electricity will rise.On other hand btc is still very much unsecure.It is very easy to scam network
Bitcoin is secure. Just need educated users. Scams are not unique to bitcoin.
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